Articles on management, organization and business in general.
Is the Lock-in a Market Failure?
If it is competition that promotes the progress, the lock-in by the defacto standard, as it stops the competition of standards, seems undesirable for the progress of our civilization, not to mention that by an inferior standard.
The Requisites for the De Facto Standard
The defacto standard is an in fact public standard that the market mechanism has selected, while such a standard is called the dejure standard that becomes widespread because of formal approval by a public standards organization.